1 1/3 c. unpopped huskless popcorn
2 (10 oz.) bags marshmallows
2 sticks butter (1/2 lb.) melted
12 oz. can cocktail peanuts
8-12 oz. pkg. M&M'S® or sm. gumdrops

Pop corn according to directions. Dissolve marshmallows in the melted butter. Combine popcorn, peanuts and M&M'S® or gumdrops; add marshmallow mixture. Mix well and press into an angel food pan. Cool and unmold.